PERSONAL LOANS
LightStream: Best for high-dollar loans and longer repayment terms
4.7
Bankrate Rating = 4.7/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
The annual percentage (APR) includes your interest rate, plus any loan fees. It reflects the total cost of borrowing.
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This lender is registered in states where it does business, has a Consumer Loan Company License and was vetted by the Bankrate Editorial team.
Lightstream offers loans up to $100,000, one of the highest maximum amounts of any lender we reviewed. It also has one of the longest repayment terms on the market, up to 84 months. If you have excellent credit, LightStream also offers among the lowest start rates, which could give you a very low payment if you need to consolidate some debt.
- Good-to-excellent credit profile
- Several years of mixed credit
- Assets or savings
- Earn a stable, sufficient income
- Few reported delinquencies
- None
Same day if approved before 2:30 ET, Monday through Friday
Pros
- Rate beat program
- Large maximum loan amount
- Long loan terms
Cons
- Requires established credit
- No prequalification option
- No due date flexibility
*Your loan terms, including APR, may differ based on loan purpose, amount, term length, and your credit profile. Excellent credit is required to qualify for lowest rates. Rate is quoted with AutoPay discount. AutoPay discount is only available prior to loan funding. Rates without AutoPay are .50% points higher. Subject to credit approval. Conditions and limitations apply. Advertised rates and terms are subject to change without notice. Payment example: Monthly payments for a $10,000 loan at 9.99% APR with a term of 3 years would result in 36 monthly payments of $322.62. Truist Bank is an Equal Housing Lender. © 2024 Truist Financial Corporation. Truist, LightStream, and the LightStream logo are service marks of Truist Financial Corporation. All other trademarks are the property of their respective owners. Lending services provided by Truist Bank.